15 FLORAL CRESCENT

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: $2,099,000
• Interior size: 8,736 sqft
• Lot size: Bldg=161.66 x 113.19 FT
• Parking: 16
• Listing key: 29352708

Listing overview

Turnkey multi-residential investment in a proven, high-demand rental market. Rockway Gardens Apartments is a well-maintained, solid brick, stick-construction apartment building comprised of 11 spacious one-bedroom units. Family-owned since 2007, the property reflects significant pride of ownership, with extensive major capital improvements completed, including new Weil-McLain boilers (2010), full window replacement (2010-2015), a new roof (2018), water softener system (2021), and newly paved asphalt parking/driveway-minimizing near-term capital risk. All units are separately metered for hydro, offering strong operational efficiency and upside potential. The property is situated on a generous 0.371-acre lot with 16 on-site parking spaces. Located in the desirable Kingsdale neighbourhood of Kitchener, a quiet, mature area with consistent rental demand, close to Rockway Golf Course, Wilson...